President Donald Trump’s proposal to reform the National Environmental Policy Act has won the backing of the National Association of Realtors.
NAR President Vince Malta (pictured) said the proposed changes should help to modernize environmental standards while also helping to alleviate housing shortages.
The NEPA changes would be the first serious amendment to the Act in more than 40 years.
The
White House said the Act needs to be reformed in order to streamline
the approval of new infrastructure and housing projects, as well as
highways and energy pipelines. The proposed changes are still subject
to public hearings before being approved, but Malta said they should
help to reduce regulatory burdens will still retaining strong
environmental quality standards.
“The
NAR has long advocated for common-sense reforms to promote
infrastructure development and streamline review processes without
compromising on critical environmental protections,” Malta said in
a statement. “Since NEPA was last updated nearly four decades ago,
the housing industry has seen countless infrastructure modernization
projects paralyzed by arbitrary delays and unreasonable cost
increases.”
The
NAR has in recent months intensified its calls for major reforms of
the nation’s infrastructure.
“The
National Association of Realtors is confident that the reforms will
remove the barriers standing in the way of infrastructure
improvements that stimulate economic growth and create jobs,” Malta
said. “We look forward to partnering with the White House as it
works to implement these changes in the most responsible and
effective way possible.”
The
NAR’s sentiments were echoed by other housing groups, including the
National Association of Home Builders, which said the NEPA reforms
could help spur new-home construction.
“This
proposal to modernize and reform the NEPA review process will
streamline the permitting process and reduce unnecessary costs and
delays for vital infrastructure projects that are needed to support
residential land development projects,” said NAHB CEO Jerry Howard.
“For the housing industry, those uncertainties and delays create
challenges for communities, businesses, and builders, and further
exacerbate the current housing affordability crisis. We welcome the
latest action by the administration to remove regulatory barriers
that hinder housing and economic growth.”
Mike Wheatley is the senior editor at Realty Biz News. Got a real estate related news article you wish to share, contact Mike at [email protected]
An unfinished condotel complex in Ft. Lauderdale associated with Donald Trump is facing foreclosure, according to the Sun Sentinel.
Developers reportedly defaulted on the $139 million loan tied to the 298-unit project, known as the Trump International Hotel & Tower.
A foreclosure has been filed against SB Associates LLC, which signed the sizable construction loan back in December 2006, as the mortgage wave was cresting.
It wasn’t long before South Florida became one of the hardest-hit areas in the nation, thanks to massive investor speculation and ridiculous appraised values.
Interestingly, the original lender, Corus Bankshares of Chicago, failed last year, which led to a government-arranged buyout led by Starwood Capital.
The group’s Corus Construction Venture now holds the loan on the 24-story Trump property.
The foreclosure suit, which was filed on March 11 in Broward County Circuit Court (the same one where ex-Countrywide boss Angelo Mozilo faces a civil suit), names more than 80 people who put deposits on the unfinished condos.
There are also a number of related lawsuits from disgruntled buyers who want refunds for their 20 percent deposits – studios and one to two bedroom units were originally priced from about $500,000 to more than $3 million each!
Then there’s Trump, who looked to be a developer and partner before things turned south, but now claims his group only licensed its name to the venture.
Here we go with another week. Mortgage rates are holding steady as we kick things off, which is a trend that could persist for the entirety of the week as there’s very little significant economic data out to stir up the pot. Read on for more details.
Where are mortgage rates going?
Rates poised to stay near current levels for now
If you’re getting a little tired of hearing about the escalating trade tensions between the U.S. and China, you’re forgiven.
It seems that for the past month this story has ebbed and flowed in and out of the news headlines, and it’s somewhat difficult to muster up the same excitement for it as the first time it appeared.
However, we did get a hard development on Friday when President Donald Trump approved tariffs of 25% on nearly $50 billion of Chinese goods. This caused officials in Beijing to take retaliatory measures against the U.S. equaling the same value.
Financial market participants reacted by moving money more into the perceived safety of government bonds, pushing Treasury yields lower.
The yield on the 10-year Treasury note, which is the best market indicator of where mortgage rates are going, is currently at 2.91%.
There have been some slight adjustments here and there but overall that yield has remained around 2.90% for all of June. Mortgage rates typically move in the same direction as the 10-year yield, and while we’ve seen mortgage rates bounce around a little more than the 10-year yield, they’ve still remained in a fairly tight range this spring.
Looking at the economic calendar for this week, there’s really no major economic reports that could send rates sprawling up or down. It’s more likely than not that the political realm will play more of an influence.
There are also several speaking engagements from Federal Reserve officials, and it will be interesting to hear what they have to say after last week’s FOMC decision to raise the nation’s benchmark interest rate by a quarter-point.
So what does all of this mean for mortgage rates this week? In all likelihood, mortgage rates will continue to hover around current levels over the next five days.
Rate/Float Recommendation
Lock before rates rise
Mortgage rates have been hanging around a fairly tight range for the past few weeks and could very well continue to do so over the next several trading sessions.
However, the Federal Reserve did raise the federal funds rate last week and could potentially follow through with two more increases this year. That sets the stage for mortgage rates to finish out the year at levels that are much higher than where they are now.
For this reason, we are recommending that anyone looking to purchase a new home or refinance their current mortgage should try to lock in a rate sooner rather than later.
Learn what you can do to get the best interest rate possible.
Today’s economic data:
Fedspeak
Atlanta Fed President Raphael Bostic at 1:00pm
San Francisco Fed President John Williams at 4:00pm
Notable events this week:
Monday:
Tuesday:
Fedspeak
Housing Starts
Wednesday:
Existing Home Sales
EIA Petroleum Status Report
Thursday:
Jobless Claims
Philadelphia Fed Business Outlook Survey
FHFA House Price Index
Friday:
PMI Composite Flash
*Terms and conditions apply.
Carter Wessman
Carter Wessman is originally from the charming town of Norfolk, Massachusetts. When he isn’t busy writing about mortgage related topics, you can find him playing table tennis, or jamming on his bass guitar.
With moratoriums on evictions throughout the country starting to expire, tenant groups are stepping in to try and save people from losing their homes.
Tenant organizers in South Central Los Angeles last week quickly organized a protest after a local landlord removed one resident’s belongings following their eviction. The landlord had changed the locks on the tenant’s apartment a week after he missed a rental payment, The Real Deal reported. More than 30 tenant organizers arrived at the property to protest his eviction, and blocked a moving company from loading his possessions into a van. They also hired a contractor to remove the new lock with a power drill, before moving the renter’s belongings back into the home.
David Wholman, the landlord, told The Real Deal that he had been “overwhelmed” by the response, saying he’s never seen anything like this happen before. He added that the tenant can stay put for now.
These kinds of efforts to keep renters in their homes following eviction are strategic, said Trinidad Ruiz, a member of the Los Angeles Tenant Union. “If you don’t have possession of the home going into court, you lose, because you’re already evicted,” he told The Real Deal.
It’s said that 27 U.S. states still have moratoriums on evictions in place following the COVID-19 outbreak, but the rest of the country has lifted those rules. And in the states where moratoriums are still in place, some landlords are suing to try and get the bans removed.
A recent report from the Aspen Group said 23 million renters across the U.S. are currently at risk of being evicted from their homes.
President Donald Trump said on August 3 that he might consider executive action to impose a sweeping federal moratorium on evictions while a new stimulus package designed to provide pandemic relief progresses through Congress. The previous moratorium on evictions for federally backed mortgages expired on July 24, and several state moratoriums are also set to expire this month.
Instead of extending eviction moratoriums, the National Association of Realtors has asked policymakers to provide rental assistance for those experiencing pandemic hardships.
“If residents are unable to pay their rent, housing providers will also be unable to meet their mortgage obligations, fund their payrolls and pay their property taxes to state and local governments that have been hardest hit by the pandemic. That, in turn, is likely to catalyze a chain of events with potentially devastating financial and economic effects,” The NAR said in a letter sent to congressional leaders on July 31.
While the wrangling goes on, tenant groups are stepping up their efforts to prevent people losing their homes. Several groups recently staged a protest at the New Orleans city courthouse, barricading themselves inside the premises. Due to this, the courthouse was unable to open and proceed with several planned eviction hearings on that day.
“The reason we’re seeing more militant direct action from tenants is because of weakened protections,” said Patrick Tyrell, a staff attorney at Mobilization for Justice, a nonprofit organization that provides free civil legal services. “What else can they do?”
Mike Wheatley is the senior editor at Realty Biz News. Got a real estate related news article you wish to share, contact Mike at [email protected]
With moratoriums on evictions throughout the country starting to expire, tenant groups are stepping in to try and save people from losing their homes.
Tenant organizers in South Central Los Angeles last week quickly organized a protest after a local landlord removed one resident’s belongings following their eviction. The landlord had changed the locks on the tenant’s apartment a week after he missed a rental payment, The Real Deal reported. More than 30 tenant organizers arrived at the property to protest his eviction, and blocked a moving company from loading his possessions into a van. They also hired a contractor to remove the new lock with a power drill, before moving the renter’s belongings back into the home.
David Wholman, the landlord, told The Real Deal that he had been “overwhelmed” by the response, saying he’s never seen anything like this happen before. He added that the tenant can stay put for now.
These kinds of efforts to keep renters in their homes following eviction are strategic, said Trinidad Ruiz, a member of the Los Angeles Tenant Union. “If you don’t have possession of the home going into court, you lose, because you’re already evicted,” he told The Real Deal.
It’s said that 27 U.S. states still have moratoriums on evictions in place following the COVID-19 outbreak, but the rest of the country has lifted those rules. And in the states where moratoriums are still in place, some landlords are suing to try and get the bans removed.
A recent report from the Aspen Group said 23 million renters across the U.S. are currently at risk of being evicted from their homes.
President Donald Trump said on August 3 that he might consider executive action to impose a sweeping federal moratorium on evictions while a new stimulus package designed to provide pandemic relief progresses through Congress. The previous moratorium on evictions for federally backed mortgages expired on July 24, and several state moratoriums are also set to expire this month.
Instead of extending eviction moratoriums, the National Association of Realtors has asked policymakers to provide rental assistance for those experiencing pandemic hardships.
“If residents are unable to pay their rent, housing providers will also be unable to meet their mortgage obligations, fund their payrolls and pay their property taxes to state and local governments that have been hardest hit by the pandemic. That, in turn, is likely to catalyze a chain of events with potentially devastating financial and economic effects,” The NAR said in a letter sent to congressional leaders on July 31.
While the wrangling goes on, tenant groups are stepping up their efforts to prevent people losing their homes. Several groups recently staged a protest at the New Orleans city courthouse, barricading themselves inside the premises. Due to this, the courthouse was unable to open and proceed with several planned eviction hearings on that day.
“The reason we’re seeing more militant direct action from tenants is because of weakened protections,” said Patrick Tyrell, a staff attorney at Mobilization for Justice, a nonprofit organization that provides free civil legal services. “What else can they do?”
Mike Wheatley is the senior editor at Realty Biz News. Got a real estate related news article you wish to share, contact Mike at [email protected]
Inside: Enjoy these millionaire quotes about achieving success! These statements will help you motivate yourself to achieve your goals and become a millionaire.
Success is not a destination- it’s a journey.
When you find yourself stuck, struggling to make progress on your goals, often the only thing that will inspire you to keep going is by reading quotes from other successful people who have been there before. So grab some time and read these meaningful quotes now!
Quoting people is a great way to remind yourself of your goals and stay motivated.
It’s easy to get distracted by the demands of life, so I like reaching for quotes that tell me what I need most right now.
Quotes by millionaires are a great source of inspiration and motivation for anyone looking to achieve success in life. Not only do they offer wise words of advice, but they also remind us that failure is an essential part of learning and achieving greater things.
So don’t be afraid to dream big and work hard towards making those dreams a reality.
In fact, here are the most inspiring millionaire quotes.
The power of millionaire quotes
Millionaire quotes have the power to change your life. If you’re feeling down or unmotivated, reading a few words from a millionaire can give you the boost you need to get back on track.
For example, Tony Robbins is one of the most successful millionaires in the world with a net worth of over $600 million. And he’s not the only one; there are countless millionaires out there who have made their fortune through hard work and determination.
When it comes to making money, these people know what they’re talking about! Their advice is worth listening to, and if you take their words to heart, you’ll be well on your way to success.
So next time you feel like giving up, read some inspiring quotes from millionaires and see how that changes your outlook on life. You may be surprised at just how powerful these words can be!
How to use millionaire quotes to achieve success
There is no one-size-fits-all answer to this question, as the best way to use millionaire quotes to achieve success depends on your personal goals and objectives.
However, some tips on how to use quotes to achieve success include:
Find quotes that resonate with you and inspire you.
Keep your goals in mind when reading quotes and using them to motivate you.
Write your own quotes and keep them in a place where you can see
If you’re looking to achieve success, millionaire quotes can be a great way to get started.
They provide inspiration and motivation and remind you that failure is not an option – which can be a great thing if you’re willing to learn from your mistakes.
The benefits of using millionaire quotes
Quotes by millionaires offer great advice and motivation for anyone looking to achieve success. They provide a unique perspective that can help you focus on your goals and push through any obstacle in your way. Additionally, these quotes can help increase productivity in any context and inspire creativity.
While it’s important to remember that not everyone is able to become a millionaire, following the advice of those who have achieved this level of success can be incredibly beneficial.
As Thomas A. Edison once said, “I have not failed. I’ve just found 10,000 ways that won’t work.”
This type of attitude will help you stay motivated even when things get tough.
Walt Disney also had some profound words of wisdom: “If you can dream it, you can do it.” This quote speaks to the idea that anything is possible if you put your mind to it.
Reaching your goals may seem difficult at times, but with enough determination and hard work, you’ll be able to accomplish anything.
This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.
Millionaire Mindset Quotes
These inspirational, motivational, and wise words from millionaires who achieved success despite all odds teach us that determination and perseverance is the key factor in life.
Your mindset will determine your outcome.
Enjoy some of the best millionaire mindset quotes…
1. “I can accept failure, everyone fails at something. But I can’t accept not trying.” – Michael Jordan
2. “Start with the end in mind. If you want to be a millionaire, talk like one, act like one, work like one.”- Bob Proctor
3. “When everything seems to be going against you, remember that the airplane takes off against the wind, not with it.” – Henry Ford
4. “The easiest thing I ever did was earn a million dollars. The hardest thing I ever did, and it took years, was believing I was capable of earning a million dollars.” – Les Brown
5. “There is no monopoly on becoming a millionaire. If you’re jealous of those with more money, don’t just sit there and complain – do something to make more money yourself.” Gina Rinehart
6. “You can’t connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future. You have to trust in something – your gut, destiny, life, karma, whatever. This approach has never let me down, and it has made all the difference in my life.” – Steve Jobs
7. “Think like a queen. A queen is not afraid to fail. Failure is another steppingstone to greatness.” – Oprah Winfrey
8. “To win big, you sometimes have to take big risks.” – Bill Gates
9. “Fail trying; don’t fail watching.” – Bob Goff
10. “There are a ton of ups and downs, and many times our highest points come immediately after our lowest.” – Pat Flynn
Motivation is key to success. It is what drives us to achieve our goals and reach our potential.
There are many reasons why motivation is so important, but here are some of the most important ones:
Without motivation, it’s hard to stay focused and push through difficult tasks.
You’ll be more likely to give up if you’re not motivated.
Motivation gives you the energy you need to work hard and achieve your goals.
When you’re motivated, you’re more likely to take action and make progress towards your goals.
Now, here are the best motivation millionaire quotes to keep you going.
12. “When something is important enough, you do it even if the odds are not in your favor.” – Elon Musk
13. “You simply have to put one foot in front of the other and keep going. Put blinders on and plow right ahead.” – George Lucas
14. “You cannot push any one up a ladder unless he be willing to climb a little himself.” – Andrew Carnegie
15. “The future of humanity: a choice between the past and the present, between stagnation or progress.” – Vladimir Vernadsky
16. “If people are not laughing at your goals, your goals are too small.” – Azim Premji
17. “Before you can become a millionaire, you must learn to think like one. You must learn how to motivate yourself to counter fear with courage.” – Thomas J. Stanley
18. “Don’t let the noise of others’ opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition.” – Steve Jobs
19. “I’d rather regret the things I’ve done than regret the things I haven’t done.” – Lucille Ball
20. “Do not be embarrassed by your failures, learn from them and start again.” – Richard Branson
Success Millionaire Quotes
Your goals will help guide your lifestyle and create a more meaningful journey for you.
By reaching your goals along the way, you find success. It is those small milestones that can help you along your journey. Believing bigger is about knowing deep down inside you are successful.
Now, here are some of the best success millionaire quotes to start believing in today!
21. “My dad encouraged us to fail. Growing up, he would ask us what we failed at that week. If we didn’t have something, he would be disappointed. It changed my mindset at an early age that failure is not the outcome, failure is not trying. Don’t be afraid to fail.” – Sara Blakely
22. “Success if not final. Failure is not fatal.” – Teri Ijeoma
23. “It doesn’t matter how many times you fail. You only have to be right once and then everyone can tell you that you are an overnight success.” – Mark Cuban
24. “I have had all of the disadvantages required for success.” – Larry Ellison
25. “It’s fine to celebrate success but it is more important to heed the lessons of failure.” – Bill Gates
26. “Obviously everyone wants to be successful, but I want to be looked back on as being very innovative, very trusted and ethical and ultimately making a big difference in the world.” – Sergey Brin
27. “You don’t have to be a genius or a visionary or even a college graduate to be successful. You just need a framework and a dream.” – Michael Dell
28. “Setting goals is the first step in turning the invisible into the visible.” – Tony Robbins
29. “You can never quit. Winners never quit, and quitters never win.” – Ted Turner
30. “All of us, in a sense, struggle continuously all the time, because we never get what we want. The important thing which I’ve really learned is how do you not give up, because you never succeed in the first attempt.” – Mukesh Ambani
Millionaire Mentor Quotes
Self-made millionaires offer great insight and motivation for those working towards success. They remind us that failure is often a part of the journey, but it’s important to stay true to ourselves along the way.
When you are building a business or starting a new endeavor, wouldn’t you want to have a mentor looking over your shoulder and motivating you?
So, although you may not be able to afford to meet these millionaires in person, you can write their quotes on your planner or near your computer to keep you focused on making your million.
When we spend time with people who have achieved success, their positivity rubs off on us.
We can begin to see the world through their lens and get motivated to achieve our own goals.
31. “The biggest risk is not taking any risk… In a world that is changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” – Mark Zuckerberg
32. “I believe people have to follow their dreams – I did.” – Larry Ellison
33. “If you don’t live your life, then who will?” – Rihanna
34. “Money is just a consequence. I always say to my team, ‘Don’t worry too much about profitability. If you do your job well, the profitability will come.’” – Bernard Arnault
35. “If you want to be successful, find someone who has achieved the results you want and copy what they do and you’ll achieve the same results.” – Tony Robbins
36. “Dedicating myself to actually following through was my single biggest achievement.” – Nick Woodman
37. “Always make a total effort, even when the odds are against you.” – Arnold Palmer
38. “I’m an entrepreneur. ‘Ambitious’ is my middle name.” – Kim Kardashian
39. “Talent without working hard is nothing.” – Cristiano Ronaldo
Strong Millionaire Quotes
Okay, there are times you need to hear the hard stuff. Like the coach whispering exactly what you need to be told when you weren’t executing as you should be.
These strong millionaire quotes are the ones that put us back on track.
They remind us why motivating yourself to achieve great success is necessary.
40. “Swim upstream. Go the other way. Ignore the conventional wisdom.” – Sam Walton
41. “Winning is not always the barometer of getting better.” – Tiger Woods
42. “If you’re afraid to fail, then you’re probably going to fail.” – Kobe Bryant
43. “If you don’t find a way to make money while you sleep, you will work until you die.” – Warren Buffett
44. “If you’re changing the world, you’re working on important things. You’re excited to get up in the morning.” – Larry Page
45. “Be thankful for what you have; you’ll end up having more. If you concentrate on what you don’t have, you will never, ever have enough.” – Oprah Winfrey
46. “As long as you’re going to be thinking anyway, think big.” – Donald Trump
47. “Confidence is the most important single factor in this game, and no matter how great your natural talent, there is only one way to obtain and sustain it: work.” – Jack Nicklaus
48. “You have to be able to accept failure to get better.” – LeBron James
Millionaire Quotes about Life
Successful people are usually happy because they have found a way to be content in life while still reaching for more.
Regardless of the type of millionaire they are, they all find happiness in some form or another from their work. This in turn leads to greater motivation and a desire to keep growing and achieving more. Additionally, small challenges help to keep these levels of happiness and motivation high.
Here are the best millionaire quotes about living life to the fullest!
49. “I’d rather be optimistic and wrong than pessimistic and right.” – Elon Musk
50. “A brand for a company is like a reputation for a person. You earn reputation by trying to do hard things well.” – Jeff Bezos
51. “Everybody has equal opportunity, and I think that is true for everything.” – Mukesh Ambani
52. “If you are born poor it’s not your mistake, but if you die poor its your mistake.” – Bill Gates
53. “Treat your life like a game.” – Ray Dalio
54. “Self-praise is for losers. Be a winner. Stand for something. Always have class, and be humble.” – John Madden
55. “Being rich is a good thing. Not just in the obvious sense of benefitting you and your family, but in the broader sense. Profits are not a zero sum game. The more you make, the more of a financial impact you can have.” – Mark Cuban
56. “People should only profit to the extent they make other peoples lives better.” – Charles Koch
Future Millionaire Quotes
Success is a tricky thing to quantify.
This perspective can help you stay motivated as you work towards your goals- knowing that things are always changing and evolving. Additionally, it’s important not to compare yourself with anyone else in this world. You’ll only end up insulting yourself!
So from one millionaire to the next millionaire (you), here are the future millionaire quotes to memorize.
57. “You can’t just wish to be a millionaire; you have to figure out how to earn it.” – Dolly Parton
58. “Sometimes life hits you in the head with a brick. Don’t lose faith.” – Steve Jobs
59. “The key to life when it gets tough is to keep moving. Just keep moving.” – Tyler Perry
60. “Have fun. The game is a lot more enjoyable when you’re trying to do more than just make money.” – Tony Hsieh
61. “Education is the most important for our children, and it’s also the best investment.” -Bill Gates
62. “I never took a day off in my 20’s. Not One.” – Bill Gates
63. “At the end of the day, you know yourself best.” – Abigail Johnson
Millionaire Quotes about Money
Millionaire quotes are a great way to get motivated and inspired to achieve success. They offer a glimpse into the mindset of millionaires and what drives them.
Money is often seen as the key to happiness.
And while it can certainly bring a level of comfort and ease, it is not the only thing that can bring happiness. Hard work and dedication are essential for success, and it is important to believe in yourself and your dreams.
So, enjoy these millionaire quotes about money…
64. “Never depend on a single income. Make investments to create a second source.” – Warren Buffett
65. “If you do not see riches in your imagination, you will never see them in your bank balance.” – Napoleon Hill
66. “Most people fail to realize that in life, it’s not how much money you make. It’s how much money you keep.” – Robert Kiyosaki
67. “Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1” – Warren Buffet
68. “Why pay a dollar for a bookmark? Why not use the dollar for a bookmark?” – Steven Spielberg
69. “I want the last cheque I write to bounce.” – Chuck Feeney
70. “It’s not about the money, it’s about what you can do with the money.” – Thomas J. Stanley
Which Thing will You do to Result in More Wealth Opportunities?
So there you have it, 70+ powerful millionaire quotes to help you motivate yourself to achieve success.
These are people worth at least 7 figures – maybe even 10 figures.
If you want to become a millionaire, it all starts with taking action towards your goals.
Use these quotes as inspiration and fuel to keep you going on your journey to success.
Remember, it’s not about the destination, it’s about the journey.
Enjoy the process and don’t stress too much about the outcome. As long as you’re taking action and moving forward, you’re on the right track. Who knows, maybe you’ll be the next millionaire!
Know someone else that needs this, too? Then, please share!!
Florida Gov. Ron DeSantis might be best known these days for his “war on woke.” He’s generated daily headlines for his “Don’t Say Gay” bill in schools, his battles against Disney, and the travel advisories issued against the state by the NAACP and LGBTQ organizations.
However, his housing policies haven’t generated nearly as much attention.
After months of fueling rumors, DeSantis formally announced his bid for the U.S. presidency on Wednesday. What would that mean for the housing market if he wrests the Republican nomination from real estate mogul and former President Donald Trump and wins the general election in 2024? (Currently, Trump has a sizable advantage in the polls among likely GOP voters.) Realtor.com® looked at the No. 2 Republican contender’s housing-related priorities during his four-plus years as governor of the Sunshine State for clues.
“His experience as the governor of Florida has certainly exposed him to the housing market and its issues,” says Sean Snaith, director of the Institute for Economic Forecasting at the University of Central Florida in Orlando. “He’s intimately familiar with the shortage of housing that has plagued our state.”
Florida experienced tremendous growth during the COVID-19 pandemic as companies expanded and legions of folks moved to the Sunshine State. It was the nation’s fastest-growing state last year, according to the U.S. Census Bureau. The median home list price in Florida shot up 42%, to about $468,000, from April 2020 to April 2023, according to Realtor.com data. Rental prices also surged throughout the state during the pandemic.
This year, DeSantis has passed bills geared toward creating more housing, providing assistance to first-time buyers, as well as restricting international buyers from certain countries from purchasing real estate in Florida. The government has also responded to the devastation wrought by hurricanes and flooding by making changes to Florida’s property insurance industry.
The legislature has also been forced to confront the state’s affordability challenges. For years, the state had typically been reallocating the money from its affordable housing trust fund to other projects. In 2021, the legislature agreed that a third of that money will be spent on housing, while the rest can go to other priorities.
Democrats have blasted diverting the money away from housing during such a severe real estate shortage.
DeSantis and Trump will have plenty of competition from other Republicans vying for the nation’s highest office. Former South Carolina Gov. Nikki Haley announced her candidacy in February. South Carolina Sen. Tim Scott threw his hat in the ring this week, and former New Jersey Gov. Chris Christie is expected to enter the fray. New Hampshire Gov. Chris Sununu and former Vice President Mike Pence are also likely to run.
Whoever wins the 46th presidency—from either side of the aisle—will have a major challenge in tackling the housing crisis.
“It would have to be concerted efforts from all levels of government,” says Snaith. “We need to help expedite the process for developers from going from paper to getting these housing units off the ground.”
DeSantis tries to create more affordable housing
In March, DeSantis signed an affordable housing plan that invested more than $700 million to provide low-interest loans to developers building workforce housing in Florida, down payment and closing costs assistance for first-time homebuyers, and the redevelopment of underused properties near military installations.
The Live Local Act is also expected to make it easier to convert commercial buildings into housing by bypassing local zoning boards, building height requirements, and local density regulations.
While superseding local authorities and zoning regulations can lead to a strain on local infrastructure—such as more traffic, crowding in schools, and other growing pains—the housing shortage “trumps” these concerns, says Ken Johnson, a real estate economist at Florida Atlantic University in Boca Raton.
“This will start to increase the supply of housing rather rapidly. We just need units built right now,” says Johnson. “We are still in a rental crisis here.”
He was less enthusiastic about the $100 million provided for down payment and closing costs assistance. The money will fund the Florida Hometown Heroes Housing Program, which the governor announced the creation of last year. It’s geared toward eligible first-time buyers who work in critical professions such as law enforcement, firefighting, education, health care, and child care, and active military or veterans, among others.
“There’s not enough money behind them to make a dent,” says Johnson.
The Live Local Act also prohibits towns and cities from enacting rent controls.
The state of Florida is short about 444,000 affordable and available rental homes for extremely low-income renters, according to the National Low Income Housing Coalition.
“It has been more pocket change than real substantial solutions to the problem,” says Jack McCabe, who runs an eponymous housing consultancy in Southern Florida. “Seven hundred eleven million dollars looks like a lot of money, but the truth is it could take billions and billions of dollars to correct the problem.”
Restrictions on who can buy homes in Florida
Last week, DeSantis signed a bill to prohibit many Chinese citizens who aren’t legal U.S. residents from purchasing real estate in the state of Florida. The bill also bans citizens from six other countries—Russia, Iran, North Korea, Cuba, Venezuela, and Syria—from buying farmland that is located within 10 miles of military sites and critical infrastructure.
In addition, as of July 1, the new law will require some Chinese nationals to register the real estate they already own and whatever they buy with Florida’s state government.
The law has been criticized by Democrats, Asian American leaders, and some real estate professionals.
“The law is very restrictive,” says Dan Lionetta, president of the Asian American Real Estate Association of America, Greater Jacksonville Chapter. He is also a mortgage lender at Movement Mortgage. “We are certainly not in favor of the law and anyone, from any country, being limited regarding purchasing real estate.”
Real estate economist Johnson believes a bill like this “distorts” the market by dictating who can and who cannot buy.
“It will negatively impact price, although I think it will be marginal,” says Johnson. “We’re simply cutting the demand for real estate.
Tackling Florida’s hurricane and flooding issues
Last year, DeSantis signed a Republican bill to prop up Florida’s property insurance system as many companies have gone out of business and others are struggling due to the extensive damage wrought by storms and flooding. The bill raises costs for some homeowners while providing tax rebates for residents affected by Hurricanes Ian and Nicole. It will also force some homeowners out of receiving coverage from the state-created insurer.
As a result, many Floridians expect their already high flood insurance premiums to double this year.
“Many people are being forced to sell their homes and move,” says housing consultant McCabe.
However, the governor has also signed bills into law to give homeowners a break. One prevents insurers from refusing to cover homeowners if their roof is less than 15 years old. And in the wake of the Surfside condo collapse, buildings that are three stories and higher must be inspected after 30 years and then receive additional inspections every 10 years. Buildings that are within 3 miles of the coast must start undergoing inspections after 25 years.
The governor also approved setting $150 million aside last year to be used for grants for homeowners who want to retrofit their homes to be more resistant to hurricanes.
“The overall impact [of a DeSantis presidency] is hard to say right now,” says Johnson. “It’s a toss-up.”
Who is an excellent comedic actor that ended up being a great dramatic actor? Like, someone you were genuinely impressed by in a dramatic role? After polling the internet, these are the top-voted responses.
1. Bryan Cranston
Image Credit: Shutterstock – Denis Makarenko
Someone confessed, “Bryan Cranston. Me: Oh look, Hal is making a show about cooking Meth! That ought to be fun! Five seasons later, I’m curled up in the fetal position sobbing at the bottom of the shower.”
2. John Goodman
Image Credit: Shutterstock – Joe Seer
“John Goodman. His performance in 10 Cloverfield Lane was nothing short of perfection. When he killed that guy, the look of pure evil in his eyes was horror at its finest. He should have gotten an Oscar nomination for that role,” a second user responded.
3. Bob Odenkirk
Image Credit: Shutterstock – Joe Seer
“Bob Odenkirk. I knew he was fantastic, but he surprised me near Breaking Bad‘s end. So seeing him command the screen in Better Call Saul is a freaking delight,” a third added.
4. Robin Williams
Image Credit: Shutterstock – Vicki L. Miller
“Robin Williams. His performance in One Hour Photo is creepy as hell. He was absolutely a phenomenal actor, no matter the genre. Insomnia has another excellent performance of his as well.” Others mentioned his notable dramatic roles, including Good Will Hunting, What Dreams May Come, and Dead Poets Society.
5. Tom Hanks
Image Credit: Shutterstock – Tinseltown
“Tom Hanks,” replied one. “If you remember him from his early career in the early 1980s, he was a talented comedy actor. But no way would I have imagined him doing dramas, let alone starring in them, let alone a string of hits.” Another confessed, “I recently watched A Beautiful Day in the Neighborhood, and he seemed more like Fred Rogers than Tom Hanks playing Fred Rogers. It was crazy good.”
5. Jim Carrey
Image Credit: Shutterstock – Andrea Raffin
“Jim Carrey,” someone admitted. “I don’t like his comedy, but I love The Eternal Sunshine of the Spotless Mind and The Truman Show.” Another added, “Jim Carrey is the archetype of comedic actor that’s good at drama for me. He is the gold standard.”
6. Woody Harrelson
Image Credit: Shutterstock – GIO_LE
“Woody Harrelson. Great on Cheers and now has had several Oscar nominations,” replied one. His performance in True Detective is an absolute masterclass in the craft. It’s one of the most brilliant performances in history,” another added.
7. Adam Sandler
Image Credit: Shutterstock – Tinseltown
When Adam Sandler is trying, it’s never terrible, even if the movies aren’t great. I fully appreciate his wanting to take his friends on Hawaiian vacations for two months to make trash movies, but Uncut Gems was the best movie of 2019,” one stated. Another added, “Hustle, The Meyerowitz Stories, Reign Over Me, and Punch Drunk Love.”
Someone shared, “Kurt Russell was a Disney child comedy actor for about ten years until he did a TV movie about a mass shooter and then hooked up with John Carpenter.” A second person said, “Everybody forgets about him playing opposite Meryl Streep in Silkwood. About as dramatic as you can get. He was brilliant.”
9. John Krasinski
Image Credit: Shutterstock – Ron Adar
“John Krasinski,” replied one. “He went from being hilarious on The Office to giving excellent dramatic performances in Jack Ryan and A Quiet Place.” Another confessed, “Absolutely! I’m surprised I had to scroll this far to find this. A Quiet Place and A Quiet Place 2 are such amazing movies. His directing and acting are both outstanding. Also, 13 Hours.“
Popular Reading: 10 Significant Things Inaccurately Depicted in Movies and Television
10. Jamie Foxx
Image Credit: Shutterstock – Tinseltown
“Jamie Foxx. I had to scroll way too far for this one,” one admitted. “I completely agree. He was the first that popped into my mind. He went from In Living Color and The Jamie Foxx Show to killing it in Ray, Law Abiding Citizen, and Just Mercy. He also does an impeccable impersonation of Donald Trump,” confirmed another.
What do you think? Did Reddit get this right, or is someone significant missing from this list? This article was inspired by the internet and did not necessarily reflect the views of Finance Quick Fix.
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Today is April 15th, and it appears that economic impact payments passed as part of the CARES Act, also known as 2020 stimulus checks, are now being direct deposited into people’s accounts.
If you haven’t received your stimulus direct deposit yet, and you did not file your 2018 or 2019 taxes, you may need to go to the government site for “non-filers” and enter your payment information.
Also, if you did file you can go to the “Get My Payment” page via the same link, and check your payment status, confirm your payment type and enter your bank account information for direct deposit if the IRS doesn’t have your direct deposit information. While the portal was buggy at first, the IRS updates to taxpayer data have improved things.
For most people the coronavirus stimulus checks are sorely needed with millions of new people filing for unemployment in the past few weeks due to the COVID-19 pandemic.
It is estimated that the 4 week total for unemployment claims will top 22 million, roughly one in eight in the workforce.
If you’re out of work due to a layoff, furlough or other reason it’s important to file for unemployment insurance right away, and then to look into making sure you’ve done everything you need to in order to claim your first stimulus check.
With individuals able to claim a $1,200 payment, and couples collecting $2,400, the money should help plug some holes. If couples have eligible children under 17 they can also collect $500 per child.
A hypothetical family of 4 (like ours!) would be able to collect an economic impact payment of $3400.
With the stimulus payments starting to go out today, people are already starting to talk about a possible second stimulus check.
Today we’ll explore what people received for the first stimulus payment, who was eligible to receive it. Then, we’ll explore the following question:
Will there be a second stimulus check for 2020?
The “In Case Of Emergency Binder” is over 90 pages of simple, printable worksheets to organize everything your family may need to know in the event of an emergency, like the current one. Learn More about the ICE Binder.
The First 2020 Stimulus Check Details
As the COVID-19 virus began to spread it was clear that extraordinary measures would need to be taken in order to give help to states, businesses, the health care industry and to individual taxpayers.
To date we’ve had 3 coronavirus aid packages passed by Congress and signed into law by President Trump.
Coronavirus Aid Package – Phase 1: This $8 billion package passed in March included emergency spending to boost funding for testing of the virus, money to help pay for vaccines and help fund costs of medical expenses related to the virus.
Coronavirus Aid Package – Phase 2: Phase two was signed into law in mid-March and included $100 billion in paid sick and family leave protections, free testing for many, expansions of unemployment assistance and more.
Coronavirus Aid Package – Phase 3: The third phase of coronavirus aid, the Coronavirus Aid, Relief and Economic Security (CARES) Act, was signed into law at the end of March. It is a $2.2 trillion stimulus package designed to give direct payments to individuals and small businesses in order to help during this extended mandatory shutdown. It also expands on existing unemployment insurance benefits giving an additional 13 weeks of unemployment, and a bump in maximum weekly benefits of $600 through 7/31/20. It also gives unemployment benefits to some who typically don’t receive them, gig workers and self-employed individuals.
Who Is Eligible For The First Stimulus Check?
With the first stimulus checks being sent out let’s examine all of the details about who gets them.
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First of all, who is eligible to receive the first stimulus payment?
Just about anyone that has a Social Security Number and who isn’t claimed as a dependent on someone else’s return. They just have to make less than the income phaseout range to earn the full refundable tax credit.
Individual taxpayers get a $1,200 payment.
Couples get $2,400.
If you have a qualifying child based on the same criteria as the Child Tax Credit (16 and under on 12/31/2020) you’ll get an additional $500 for each child.
Once taxpayers reach an adjusted gross income threshold of $75,000 ($150,000 couple) the refundable tax credit begins to phase out at a rate of $5 for every additional $100 above the limit. Once income reaches the level of $99,000 ($198,000 couple), the credit is phased out completely.
The income range is determined from your 2019 taxes. If you haven’t filed yet for 2019, your 2018 tax returns will be used.
If you qualify for the payment based on your 2018 return, but not your 2019 return, you may want to hold off on filing 2019 because you may be able to receive the payment. From what they’re saying economic impact payments will not be clawed back if people don’t qualify based on their final 2020 taxes.
So let’s look at a few of hypothetical scenarios:
Example 1: A couple files taxes married filing jointly and has 2 children under 10 years of age. They make $140,000 in income. They would get $2,400 for filing jointly as a couple, and then $500 for each child, for a total of $3,400.
Example 2: A couple files taxes married filing jointly and has one child 14 years of age, and one 17 years of age. They make $70,000 in income. They would get $2,400 for filing jointly as a couple, $500 for the 14 year old child, and nothing for the 17 year old since they are over 16 years old. They would receive a total of $2,900.
Example 3: An individual files taxes as a single person and has no children. They make $92,000 in income. They would get a reduced stimulus payment since their income is $17,000 over the $75,000 threshold, but under the $99,000 cutoff. The individual would receive a total of $350. ($1,200-$850 reduction).
Example 4: A couple files taxes married filing jointly and has one child 17 years of age, and one at 21 years of age. Both are still claimed as dependents. The couple makes $199,000 in income. They would get $0 for filing jointly as a couple since they’re over the income phaseout limit, and then $0 for the children since they’re both over 16 years of age. The two children cannot claim their own individual stimulus payment either since they are claimed as dependents on their parents tax returns. The entire family would receive no stimulus payment.
There are a thousand different possible scenarios. The key is to figure out where you fall with your adjusted gross income as an individual or family, calculate if you can claim your kids for the extra $500 based on their age.
For a more in depth discussion of who is and isn’t eligible, please see our full post on the 2020 stimulus check.
Is There Going To Be A Second Stimulus Check For 2020?
On or around April 15th the economic impact payments included as part of phase three of the coronavirus aid packages started to be deposited into taxpayer accounts. Here’s one from another publisher below.
Checks will start to go out in following weeks, with checks going to those with lower income first.
Ever since the CARES Act passed and was signed into law on March 27th, there has been quite a bit of talk that one round of stimulus payments for individuals and business might not be enough.
From the Wall Street Journal:
As lawmakers last week completed a record-shattering economic-rescue package estimated at $2 trillion, Senate Minority Leader Chuck Schumer (D., N.Y.) predicted: “This is certainly not the end of our work here in Congress—rather the end of the beginning.”
Legislators from both parties, administration officials, economists, think tanks and lobbyists are already roughing out the contours of yet another emergency-spending package—perhaps larger than the last—to try to keep the coronavirus crisis from turning into a 21st-century Great Depression. Many expect the debate to begin in earnest by late April.
The article talks about how in the week after the phase 3 stimulus package was passed, that they were already talking about extending the stimulus/aid package into a phase 4 aid package. Among the things they floated that they’d like to include:
More money to shore up state government budgets.
Extension of unemployment benefits from the phase 3 package to make the benefits last even longer.
Funds to increase testing and supplies for testing and other healthcare spending.
Plugging holes in the phase 3 bill (Giving benefits to those who should have received them but didn’t).
Hazard pay for essential workers.
Possible additional stimulus payments.
All of this is hypothetical at this stage, and lawmakers made clear that they want to give the phase 3 plan time to work so that they know better what type of additional measures might be necessary to give our economy a boost.
One question hanging over what is already being called “Phase Four” is whether that spirit of urgency and compromise can continue as the downturn advances. Or, will Washington return to the polarization that has often paralyzed Congress in recent years—especially as the November elections erode incentives for cross-party cooperation?
Another concern: Legislating amid travel restrictions and the risk that more in Congress come down with the disease.
Policy makers and economists will need to assess in coming weeks whether the most recent package does enough to tide over companies and workers through the end of the shutdown—whenever that occurs—or whether prolonged closures require another dosage of the same medicine.
President Trump has mentioned that they are now considering a second round of stimulus payments. Congressional leaders and President Trump have stated publicly that another recovery package might be necessary.
Even before Americans get to cash in their stimulus payments, President Donald Trump is floating the idea of a second round. At Monday’s news briefing, Trump said a second set of direct payments is under consideration to help blunt the economic impact of the coronavirus pandemic.
“We could very well do a second round,” Trump said. “It is absolutely under serious consideration.”
In a later tweet Trump signaled something else for phase 4.
In a tweet, Trump said infrastructure should be the focal point of the phase-four stimulus package. Aid to healthcare and broadband infrastructure will likely get bipartisan support in Congress, according to The Hill.
House Speaker Pelosi has said she would like direct payments to be a part of a second round.
Pelosi has said that another stimulus should include a second round of direct payments. This month, many Americans taxpayers received stimulus checks of up to $1,200 for single filers and up to $2,400 for married couples. But many congressional Democrats have said that the $1,200 check, which barely covers what the average American spends on rent and utilities, doesn’t go far enough. Pelosi’s plan would also give more aid to states, cities, small businesses, health systems, and first responders, Politico reported.ABC News reported that Pelosi hoped to bring the phase-four stimulus package to the House floor in late April.
At this point both Democrats and Republicans have brought measures to Congress to supply an additional $250 billion in small business funding to shore up measures from phase 3, but both competing measures have failed.
Possible Second Round Of Stimulus Checks
This past week we have seen several competing proposals for additional stimulus payments in Congress.
A group of 62 members of Congress, Senator Kamala Harris, Senator Bernie Sanders and Representative Alexandria Ocasio-Cortez among them, have urged Senate and House leaders to make the stimulus payments a monthly occurrence.
Representatives Ro Khanna and Tim Ryan, Democrats from California and Ohio respectively, have proposed recurring stimulus payments of $2,000 per month for at least 6 months, along with $500 per child up to 3 children. To be eligible you would have to earn less than $130,000 as a single filer, or $260,000 as a married couple. Taxpayers 16 and older would be eligible.
Republican Senator Josh Hawley has proposed the federal government cover 80% of wages for workers at any U.S. business up to the national median wage, until the crisis ends.
Senate Democrats have proposed a “heroes fund” to give a $25,000 pay increase to so called “essential workers”, health care workers, grocery clerks and delivery drivers among others. They also proposed a $15,000 bonus to recruit new essential workers.
At this point the very earliest we would likely see details of any concrete phase 4 plan would be after Congress returns to the Capitol on May 4th.
So for now, take advantage of your stimulus check from the first round, and stay tuned for details on a phase 4 stimulus package.
We’ll update here as to what ends up passing (if anything), and let everyone know if there will be additional direct stimulus payments to taxpayers.
In the meantime, what would you do with the money if you received a second stimulus check? Have you received the first stimulus yet? Tell us in the comments.
Create Your Own Income Stimulus Package
While we’re waiting to hear about whether there is going to be another stimulus, it might not be a bad idea to start creating your own stimulus package of sorts. Every little bit of income helps right now.
Here’s a few posts that talk about ways to make some extra money in the midst of the downturn.
I write a lot about saving money. Like many of you, I’ve found frugality an excellent way to widen the gap between what I earn and what I spend. Frugality helped me get out of debt, increase my monthly cash flow, and ultimately begin to build savings. Thrift is a key component to personal finance.
But to be successful, to build wealth, you must also increase your income. You might do this by changing careers, or by obtaining for a promotion, or by asking for a raise. You might invest in real estate. Or you might start your own business.
I recently interviewed Timothy Ferris, author of The 4-Hour Workweek. I’ve already shared parts of our conversation:
In this final excerpt, Ferriss and I briefly discuss the power of entrepreneurship. Entrepreneurial skills are valuable whether you own your own business or you have a traditional job. At Soul Shelter, Tim Clark recently provided an overview of entrepreneurship. “I’m a firm believer that our fortunes in life are closely bound to entrepreneurship skills, whether we’re self-employed or choose to work for someone else,” Clark writes. “Studying entrepreneurship means examining the many ways one can earn a living.”
Here then is the final part of my conversation with Tim Ferris:
J.D. My father was a serial entrepreneur. When I was a boy, he was always starting businesses. As a result, I have the entrepreneurship bug, as do both of my brothers. In many ways, Get Rich Slowly is a testament to his entrepreneurial spirit. I view it as a business. It seems to me that you are very much about entrepreneurship. Did entrepreneurship run in your family?
Tim My father has been in various types of construction and development, and also real estate — buying, selling, investing. He’s been an entrepreneur for as long as I can remember, in that respect. He’s always owned his own business. My mother, on the other hand, has worked for Suffolk County, which is part of Long Island, in health services doing physical therapy for geriatrics for the last thirty years.
I feel like I’ve seen the best and worst of both of those worlds — the highly institutionalized employment and then self-employment. There’s certainly dangers and benefits to both, and I think I’ve had a pretty good [chance] to see both up close and personal. But entrepreneurship in the sense of starting businesses really wasn’t something that was recommended to me.
Part of what sparked my interest was Donald Trump’s The Art of the Deal. I think most of his books are a waste of time, but that book is extremely good. It’s all about the art of the deal and negotiating and so forth. There’s a lot of really good material, especially the dissection of his schedule. He basically walks through a typical day. Very, very interesting stuff.
When I was doing my undergrad and working in the library for $8 an hour — with no air conditioning and no ventilation in the middle of late spring — I really began to question just how scalable that approach was, even if it were $20, $30, $40, $50 an hour.
I was dyslexic at a young age, and developed coping mechanisms. I ended up being able to read extremely quickly, and to prepare for tests in some unique ways. I had friends saying, “Dude, when do you study?” There was a lot of classroom reading, and I did it, but very few people ever saw me spending more than a half hour on any given day, whereas a lot of students are spending three or four hours.
After a few people asked me this, I put together a seminar. I did the first seminar with guarantees and so forth. I had very low expectations for it, but I ended up walking out three hours later with $20 bills and checks spilling out of my pockets. When I ran the numbers, I realized that this was definitely a better model, but it was still not scalable because I had to be there teaching the seminars. I became very bored of it. After that, I started fantasizing about the different formats that a scalable business could take.
There’s a book by Entrepreneur Press called The Young Millionaires. It’s a really good book. Some of the business models are outdated now, but it basically has two to three page profiles of dozens of late twenty-something and thirty-something millionaires. It really inspired me to brainstorm different options.
J.D. So how do you come up with money-making ideas — or “muses” — that can supply supplemental income and be easy to maintain and sustainable in the four-hour workweek lifestyle? It seems to me there’s no one right answer. It depends on the individual. The Young Millionaires book sounds like it might be a sort of cookbook, or an idea factory.
Tim [I recently had the chance to ask Warren Buffet a question about investing.] If I had asked, “How should I invest my money?” I wouldn’t have received [a good answer]. I had to be very specific: “no dependents, thirtysoemthing, I can cover my expenses with other income or savings, etc.” There were a lot of qualifiers. Just like when somebody asks “How should I invest my money?”, there’s no way you can answer that in a meaningful way. The same is true with muses.
But in general, I would say studying case studies that you’ll find like mine, or The Young Millionaires would be another example, and then reading books like eBoys. I see my book as a valuable starting point so that you don’t focus on the wrong types of businesses, but it requires an analysis of your risk tolerance.
J.D. Do you have any recommendations for people who aren’t entrepreneurial, who don’t have the ability or the interest in creating “muses”? These people might prefer to save and invest instead, but are still interested in the four-hour workweek lifestyle. They’re interested in lifestyle design.
Tim I think one of the misconceptions with the book is that you have to use everything in the book. It’s really designed to be more of a menu of options for people to pick and choose from. I may go to a restaurant that I love, but I may hate half of their dishes. The fact of the matter is there’s no requirement to use “muses” whatsoever to apply the principles in the book. They’re principle-based and not tactical.
The rules in the book are really for increasing output and optimizing results regardless of whether you’re in someone else’s office or your own. That also applies to stocks. If you study The Intelligent Investor, you’ll find that the principles and concepts and the rational deconstruction of things that are made complex — because the croupiers and other people can make money by making it complex — it reads very similarly to The 4-Hour Workweek.
By focusing within an organization on using the proper metrics to measure your own performance, improving those metrics, doing 80-20 analysis, then you can increase your value within the company, and document it in such a way that you can then have more leverage to do things like take mini-retirements or work remotely one or two days a week or have a four-day work week (which many people have done) or simply to eliminate work on the evenings and weekends.
Then [one can] apply the same rational framework to investment. They’re completely applicable and adaptable to someone who has no interest whatsoever in starting a business. I’d say that the vast majority of the people who have used the book work within organizations.
Timothy Ferriss, nominated as one of Fast Company’s “Most Innovative Business People of 2007,” is author of the #1 New York Times, Wall Street Journal, and BusinessWeek bestseller, The 4-Hour Workweek.
